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Project Details

The project consists ofthe renovation and adaptive reuse of an 8-story, 126,000 sq. ft. building (including basement) commonly known as the Arctic Freezer Building into a mixed use commercial and residential development. The building, once complete, will include a restaurant, banquet and meeting facilities, professional office space and market rate apartments. This project may also include a crafts brewery on the lower level.

The project components are as follows:

Office Space45,000 sq. ft. (Floors 6,7,8), 2 of 3 floors are close to signing leases, $1,575,000 for all three floors, $35/$40 per sq. ft.

The retail component of the project (banquet facility and restaurants, including common) represents less than 1/3 of the total project cost .This calculation does not take into account the 45,000 sq. ft. of office space astenants have not yet been identified.